MBA 6334 QUIZ – CH. 3 QUESTIONS WITH VERIFIED
ACCURATE ANSWERS
Which of the following statements is (are) true regarding the industrial organization
model of strategy? - Answers - a. Research supports both the industrial organization
and resource-based models of strategy.
b. It argues that the primary determinant of an organization's strategy should be its
external environment.
c. It sees the external environment as providing opportunities and threats to an
organization.
d. All of these are correct. <---
Which of the following statements is (are) true regarding the resource-based model of
strategy? - Answers - It says that organizations achieve competitive advantage when
they acquire resources and they create value.
Sarasota Memorial Hospital is able to motivate, engage, and retain its employees based
on its strategic plan that emphasizes __________. - Answers - the five pillars of
excellence
The first step in the strategic management process focuses on addressing which factor?
- Answers - Mission statement
The environmental analysis part of the strategic management process involves looking
at _________. - Answers - a. regulations
b. technology
c. market trends
d. All of these are correct. <---
The management systems that are analyzed as part of the organizational self-
assessment phase of the strategic management process include __________. -
Answers - culture
The role of HR in supporting step 1, understanding the planning legacy, of the strategic
planning process is to _________. - Answers - conduct research regarding what has
been done regarding the planning process in the past
The role of HR in supporting step 5, develop alternative performance options, of the
strategic planning process is to _________. - Answers - determine what resources exist
in the organization versus what resources need to be acquired from outside the
organization
ACCURATE ANSWERS
Which of the following statements is (are) true regarding the industrial organization
model of strategy? - Answers - a. Research supports both the industrial organization
and resource-based models of strategy.
b. It argues that the primary determinant of an organization's strategy should be its
external environment.
c. It sees the external environment as providing opportunities and threats to an
organization.
d. All of these are correct. <---
Which of the following statements is (are) true regarding the resource-based model of
strategy? - Answers - It says that organizations achieve competitive advantage when
they acquire resources and they create value.
Sarasota Memorial Hospital is able to motivate, engage, and retain its employees based
on its strategic plan that emphasizes __________. - Answers - the five pillars of
excellence
The first step in the strategic management process focuses on addressing which factor?
- Answers - Mission statement
The environmental analysis part of the strategic management process involves looking
at _________. - Answers - a. regulations
b. technology
c. market trends
d. All of these are correct. <---
The management systems that are analyzed as part of the organizational self-
assessment phase of the strategic management process include __________. -
Answers - culture
The role of HR in supporting step 1, understanding the planning legacy, of the strategic
planning process is to _________. - Answers - conduct research regarding what has
been done regarding the planning process in the past
The role of HR in supporting step 5, develop alternative performance options, of the
strategic planning process is to _________. - Answers - determine what resources exist
in the organization versus what resources need to be acquired from outside the
organization
